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Namibia's January inflation rises to 7-year high

Xinhua, February 15, 2017 Adjust font size:

Namibia's annual inflation rate in January surprised on the upside to a seven year high of 8.2 percent compared to 7.3 percent recorded in December 2016, the Namibia Statistics Agency (NSA) said Wednesday.

The increase, which was 2.9 percentage points higher than the 5.3 percent registered in January a year earlier, was mainly attributed to price increases registered in the categories of Food and non -- alcoholic beverages (13.2 percent), Hotels, restaurants and cafes (9.8 percent), and Furnishing, household equipment and routine maintenance of the house (9.5 percent).

On a monthly basis, the price levels increased to 3.2 percent from 0.2 percent recorded last month. This is the highest monthly inflation rate recorded for the last 14 years, the statistics agency said. Endit